Kundan Edifice Limited

Company Profile
Company Name Kundan Edifice Limited
Open Date 12-09-2023
Close Date 15-09-2023
Exchange NSE SME
Lot Size 1200 shares
Issue Price ₹91 per share
Issue Size 2,772,000 Equity shares
Application Amount ₹109,200
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company entered into assembly and sale of lighting products in Fiscal 2014. Once current Promoter, Divyansh Gupta took control of Company since Fiscal 2016, company has focused on business operations into manufacturing, assembly and sale of light emitting diode (“LED”) strip lights and as an EMS Company, company is primarily an original design manufacturer (“ODM”) and design, develop, manufacture and supply products to customers who then further distribute these products under their own brands. Company also works with customers to develop, manufacture and supply products that are designed by customers. Company focuses on unconventional form of lighting products i.e., LED strip lights that have varied application across industries such as real estate, railways, automobiles, decorative lighting, etc. Company provides lighting solutions to some of the key electrical and electronic manufacturing brands in India.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 1,185.13 1,928.14 2,965.83
Net Assets 129.90 297.72 810.81
Total Borrowings 728.65 905.03 1,450.61
Total Revenue 1,522.43 3,250.61 6,046.36
Profit After Tax 77.23 167.83 513.10

Tentative Timeline

Opening Date 12-09-2023
Closing Date 15-09-2023
Basis of Allotment 21-09-2023
Initiation of Refunds 22-09-2023
Credit of Shares to Demat 25-09-2023
Listing Date 26-09-2023

Objects of the Issue

Working Capital Requirements
General corporate purposes

Contact Information

Registered Office Kundan Edifice Limited Gala A/ B, Ganesh Industrial Estate, behind Burma Shell Petrol Pump, Vasai East, Palghar - 401208
Phone Phone: +91 7030919707
Email cs@kundanedifice.com
Website http://http://www.kundanedifice.com/index.php/

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390
Email priya@cameoindia.com
Website https://ipo.cameoindia.com/

IPO Reservation

Other Shares Offered 50% of the net offer
Retail Shares Offered 50% of the net offer

Shareholding Pattern

Pre Issue Share Holding 99.00%
Post Issue Share Holding 72.28%

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